Best Homeowners Insurance Agencies in Missouri City

Frequently Asked Questions

• Introduction

  Homeowners' insurance is a type of property insurance used by private property owners to protect their home and property from a range of risks and liabilities. It is also called home insurance.
  

  
  

  All homeowners' insurance policies cover the primary home on a property, meaning that most damage from weather, accidents, vandalism, and other events will be at least partially paid for by the insurance company. Many policies also include coverage for other structures, personal property, and some premises liability.

  
  

  It is not required by law that a homeowner purchases insurance for their property. However, if you have a mortgage, the lender will usually make purchasing a homeowners' policy a mandatory part of the loan process. Since the mortgage lender is essentially selling you the home, they require you to protect the investment.
  

• How do you obtain FEMA assistance in Missouri City due to disaster-related non-coverage in your homeowner's insurance?

  If you require assistance because your homeowner's insurance does not provide adequate disaster coverage, write to the Federal Emergency Management Agency. You must describe your situation in Missouri City and include the denial or settlement letter from your insurance carrier. FEMA's contact information is as follows: FEMA P.O. Box 10055 Hyattsville, MD 20782-8055, Texas contact number: 940-898-5399

• Can the proximity of your Missouri City home to a fire station affect your home insurance rate?

  Yes, if your house is close to a fire station or hydrant, your home insurance rates will be lower. Insurance companies will also consider the local fire department's capability and response timeliness. The Missouri City Fire Department has a Public Protection Class rating of 1/1Y, which is the highest that the Insurance Services Office can award.

• Does standard homeowner's insurance in Missouri City cover damage caused by pests such as termites and squirrels?

  No, standard homeowner's insurance does not cover pest damage because it is classified as a preventable incident. This means that the damage could have been avoided if the homeowner in Missouri City had implemented proper maintenance programs. However, there are a few instances where pest damage can be covered. A mouse chewing on a wire, for example, can cause a fire. The insurer will only pay for fire-related damage in this case.

• Can homeowner's insurance cover the full cost of rebuilding a home in Missouri City if it is destroyed?

  It is determined by the policy you have chosen. When you purchase a homeowner's insurance policy, you typically select the coverage limit, which determines how much the insurer will pay you if your home is destroyed. It is critical to determine whether your policy provides sufficient coverage to replace your home. You can do this by reviewing your policy each year and ensuring that your coverage corresponds to the current cost of rebuilding your Missouri City home.

• Is it possible to receive a refund if you pay for your Missouri City homeowner's insurance in advance?

  Yes, if you have already paid all of your homeowner's insurance premiums for the year, the insurance company is required to give you a refund. For example, if you cancel your policy in Missouri City within a month of purchase, your insurer is required to refund all premiums for the remaining 11 months. However, be aware that some insurance companies will charge a financial penalty if you cancel a policy before it expires.

• What determines the price of homeowners insurance premium?

  The premium, or monthly cost, of your homeowners' insurance policy depends on several factors, including the value of your home and amount of coverage you choose. Your credit history and whether the property is in a higher risk area also play a role.